Shopify Inc.
NYSE:SHOP
111.41 (USD) • At close June 6, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 | 2014 Q4 | 2014 Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets: | |||||||||||||||||||||||||||||||||||||||||||
| Current Assets: | |||||||||||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents
| 1,309 | 1,498 | 1,507 | 1,541 | 1,623 | 1,413 | 1,287 | 1,611 | 1,738 | 1,649 | 1,378.251 | 3,350.781 | 2,451.545 | 2,502.992 | 2,189.613 | 2,364.67 | 2,785.571 | 2,703.597 | 3,089.884 | 1,882.362 | 969.363 | 649.916 | 1,124.529 | 668.99 | 410.446 | 410.683 | 243.421 | 219.801 | 1,580.033 | 141.677 | 119.849 | 199.397 | 101.268 | 84.013 | 187.36 | 68.14 | 83.864 | 110.07 | 115.315 | 146.668 | 46.148 | 41.953 | -83.71 |
| Short Term Investments
| 4,205 | 3,981 | 3,388 | 3,480 | 3,554 | 3,595 | 3,631 | 3,169 | 3,125 | 3,404 | 3,563.181 | 3,604.01 | 4,795.145 | 5,265.101 | 5,329.081 | 5,390.717 | 5,086.877 | 3,684.37 | 3,031.277 | 2,118.593 | 1,391.209 | 1,805.278 | 1,542.653 | 1,344.341 | 1,586.568 | 1,558.987 | 1,334.804 | 1,354.367 | 1,383.455 | 796.362 | 806.71 | 733.02 | 294.422 | 308.401 | 212.927 | 111.506 | 105.6 | 80.103 | 71.621 | 52.161 | 13.013 | 17.709 | 167.42 |
| Cash and Short Term Investments
| 5,514 | 5,479 | 4,895 | 5,021 | 5,177 | 5,008 | 4,918 | 4,780 | 4,863 | 5,053 | 4,941.432 | 6,954.791 | 7,246.69 | 7,768.093 | 7,518.694 | 7,755.387 | 7,872.448 | 6,387.967 | 6,121.161 | 4,000.955 | 2,360.572 | 2,455.194 | 2,667.182 | 2,013.331 | 1,997.014 | 1,969.67 | 1,578.225 | 1,574.168 | 1,580.033 | 938.039 | 926.559 | 932.417 | 395.69 | 392.414 | 400.287 | 179.646 | 189.464 | 190.173 | 186.936 | 198.829 | 59.161 | 59.662 | 83.71 |
| Net Receivables
| 1,689 | 1,655 | 1,435 | 1,193 | 1,080 | 1,155 | 1,081 | 981 | 905 | 885 | 919.232 | 789.726 | 715.128 | 687.263 | 733.165 | 625.697 | 532.804 | 421.542 | 428.98 | 322.077 | 308.404 | 240.701 | 212.466 | 161.396 | 147.247 | 133.22 | 135.317 | 112.491 | 91.893 | 69.04 | 68.065 | 45.438 | 26.498 | 21.495 | 16.783 | 9.092 | 6.548 | 6.089 | 3.836 | 3.293 | 5.339 | 7.227 | 0 |
| Inventory
| 0 | 26 | 0 | 0 | 0 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets
| 242 | 94 | 211 | 188 | 183 | 93 | 162 | 148 | 159 | 112 | 152.322 | 113.247 | 113.063 | 83.964 | 80.892 | 79.082 | 77.854 | 68.247 | 63.076 | 66.162 | 58.912 | 46.333 | 31.184 | 36.438 | 29.701 | 26.192 | 23.444 | 20.041 | 17.551 | 18.598 | 20.302 | 16.382 | 12.113 | 8.989 | 10.305 | 7.135 | 7.149 | 6.203 | 4.704 | 2.954 | 3.477 | 1.495 | 0 |
| Total Current Assets
| 7,445 | 7,254 | 6,541 | 6,402 | 6,440 | 6,275 | 6,161 | 5,909 | 5,927 | 6,050 | 6,012.986 | 7,857.764 | 8,074.881 | 8,539.32 | 8,332.751 | 8,460.166 | 8,483.106 | 6,877.756 | 6,613.217 | 4,389.194 | 2,727.888 | 2,742.228 | 2,910.832 | 2,211.165 | 2,173.962 | 2,129.082 | 1,736.986 | 1,706.7 | 1,689.477 | 1,025.677 | 1,014.926 | 994.237 | 434.301 | 422.898 | 427.375 | 195.873 | 203.161 | 202.465 | 195.476 | 205.076 | 67.977 | 68.384 | 83.71 |
| Non-Current Assets: | |||||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment, Net
| 151 | 140 | 143 | 144 | 148 | 147 | 124 | 170 | 482 | 486 | 478.201 | 338.762 | 329.775 | 301.914 | 215.201 | 211.013 | 215.178 | 211.477 | 217.408 | 221.719 | 250.618 | 246.172 | 188.929 | 182.444 | 160.961 | 61.612 | 55.754 | 54.807 | 51.654 | 50.36 | 48.605 | 44.235 | 44.811 | 45.719 | 42.799 | 39.145 | 34.558 | 33.048 | 29.105 | 25.6 | 23.615 | 21.728 | 0 |
| Goodwill
| 491 | 452 | 452 | 449 | 427 | 427 | 427 | 427 | 1,865 | 1,836 | 1,836.282 | 379.345 | 356.528 | 356.528 | 349.432 | 311.865 | 311.865 | 311.865 | 311.865 | 311.865 | 311.865 | 311.865 | 48.375 | 48.375 | 43.672 | 38.019 | 22.894 | 22.894 | 20.317 | 20.317 | 20.317 | 20.317 | 15.504 | 15.504 | 9.302 | 9.302 | 2.373 | 2.373 | 2.373 | 2.373 | 2.373 | 2.373 | 0 |
| Intangible Assets
| 39 | 22 | 24 | 26 | 25 | 29 | 33 | 26 | 372 | 390 | 410.819 | 133.129 | 131.608 | 138.496 | 141.929 | 124.203 | 129.692 | 135.676 | 143.925 | 151.254 | 159.004 | 167.282 | 24.759 | 25.314 | 24.156 | 26.072 | 26.06 | 24.656 | 21.088 | 17.21 | 17.56 | 18.444 | 6.722 | 6.437 | 6.867 | 6.789 | 5.182 | 5.826 | 4.14 | 3.831 | 3.361 | 2.708 | 0 |
| Goodwill and Intangible Assets
| 530 | 474 | 476 | 475 | 452 | 456 | 460 | 453 | 2,237 | 2,226 | 2,247.101 | 512.474 | 488.136 | 495.024 | 491.361 | 436.068 | 441.557 | 447.541 | 455.79 | 463.119 | 470.869 | 479.147 | 73.134 | 73.689 | 67.828 | 64.091 | 48.954 | 47.55 | 41.405 | 37.527 | 37.877 | 38.761 | 22.226 | 21.941 | 16.169 | 16.091 | 7.555 | 8.199 | 6.513 | 6.204 | 5.734 | 5.081 | 0 |
| Long Term Investments
| 5,153 | 5,998 | 5,130 | 4,281 | 4,029 | 4,377 | 3,680 | 3,132 | 2,277 | 1,954 | 2,421.747 | 1,993.867 | 2,694.997 | 3,955.545 | 4,445.132 | 2,796.321 | 1,630.95 | 173.454 | 170.5 | 0 | 0 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.545 | 0 | 0 | 0 | 0 |
| Tax Assets
| 98 | 37 | 39 | 44 | 43 | 44 | 39 | 39 | 41 | 41 | 43.25 | 44.763 | 47.064 | 48.369 | 52.073 | 52.11 | 54.097 | 52.677 | 5.116 | 24.407 | 21.541 | 19.432 | 16.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets
| 23 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 199.604 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -83.71 |
| Total Non-Current Assets
| 5,955 | 6,670 | 5,788 | 4,944 | 4,672 | 5,024 | 4,303 | 3,794 | 5,037 | 4,707 | 5,190.299 | 2,889.866 | 3,759.576 | 4,800.852 | 5,203.767 | 3,495.512 | 2,341.782 | 885.149 | 848.814 | 709.245 | 743.028 | 747.251 | 278.103 | 256.133 | 228.789 | 125.703 | 104.708 | 102.357 | 93.059 | 87.887 | 86.482 | 82.996 | 67.037 | 67.66 | 58.968 | 55.236 | 42.113 | 41.247 | 40.163 | 31.804 | 29.349 | 26.809 | -83.71 |
| Total Assets
| 13,400 | 13,924 | 12,329 | 11,346 | 11,112 | 11,299 | 10,464 | 9,703 | 10,964 | 10,757 | 11,203.285 | 10,747.63 | 11,834.457 | 13,340.172 | 13,536.518 | 11,955.678 | 10,824.888 | 7,762.905 | 7,462.031 | 5,098.439 | 3,470.916 | 3,489.479 | 3,188.935 | 2,467.298 | 2,402.751 | 2,254.785 | 1,841.694 | 1,809.057 | 1,782.536 | 1,113.564 | 1,101.408 | 1,077.233 | 501.338 | 490.558 | 486.343 | 251.109 | 245.274 | 243.712 | 235.639 | 236.88 | 97.326 | 95.193 | 0 |
| Liabilities & Equity: | |||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities: | |||||||||||||||||||||||||||||||||||||||||||
| Account Payables
| 776 | 360 | 0 | 0 | 0 | 364 | 0 | 554 | 535 | 364 | 596.114 | 419.408 | 406.647 | 284.01 | 350.588 | 289.537 | 338.876 | 168.72 | 261.561 | 240.996 | 214.431 | 90.517 | 139.33 | 142 | 125.025 | 61.271 | 107.839 | 95.729 | 79.053 | 44.333 | 65.246 | 57.118 | 52.31 | 34.319 | 42.334 | 32.258 | 27.07 | 18.453 | 16.713 | 17.8 | 15.948 | 8.186 | 0 |
| Short Term Debt
| 938 | 936 | 18 | 17 | 17 | 17 | 15 | 16 | 24 | 18 | 17.024 | 25.668 | 19.344 | 15.748 | 15.618 | 15.842 | 15.567 | 10.051 | 10.994 | 10.993 | 9.781 | 9.066 | 5.426 | 5.644 | 5.243 | 2.552 | 2.121 | 1.622 | 1.53 | 1.484 | 1.434 | 1.354 | 1.333 | 1.311 | 1.223 | 1.055 | 0.935 | 0.822 | 0.784 | 0.774 | 0.636 | 0.485 | 0 |
| Tax Payables
| 0 | 179 | 0 | 0 | 0 | 91 | 0 | 0 | 0 | 56 | 4.458 | 4.125 | 8.294 | 79.689 | 26.498 | 22.544 | 25.935 | 73.774 | 0.799 | 1.062 | 1.461 | 121.45 | 66.617 | 0 | 0 | 4.974 | 0 | 0 | 0 | 4.123 | 0 | 0 | 0 | 2.358 | 0 | 0 | 0 | 2.389 | 0 | 0 | 0 | 2.182 | 0 |
| Deferred Revenue
| 295 | 283 | 290 | 298 | 296 | 302 | 304 | 310 | 324 | 296 | 287.625 | 254.007 | 247.647 | 216.792 | 203.853 | 183.16 | 114.725 | 107.809 | 96.777 | 67.455 | 62.884 | 56.691 | 48.368 | 45.707 | 42.746 | 39.18 | 36.987 | 35.029 | 32.993 | 30.694 | 28.73 | 25.771 | 23.194 | 20.164 | 18.293 | 16.464 | 14.522 | 12.726 | 11.013 | 9.601 | 7.837 | 6.775 | 0 |
| Other Current Liabilities
| 0 | 198 | 612.031 | 559 | 589 | 124 | 533 | 0 | 0 | 122 | 0 | 0 | 0 | 106.494 | 0 | 0 | 0 | 77.978 | 0 | 0 | 0 | 38.658 | 0 | 0 | 0 | 30.711 | 0 | 0 | 0 | 14.12 | 0 | 0 | 0 | 8.38 | 0 | 0 | 0 | 2.847 | 0 | 0 | 0 | 2.146 | 0 |
| Total Current Liabilities
| 2,009 | 1,956 | 921 | 874 | 902 | 898 | 852 | 880 | 883 | 856 | 905.221 | 703.208 | 681.932 | 702.733 | 596.557 | 511.083 | 495.103 | 438.332 | 370.131 | 320.506 | 288.557 | 316.382 | 259.741 | 193.351 | 173.014 | 138.688 | 146.947 | 132.38 | 113.576 | 94.754 | 95.41 | 84.243 | 76.837 | 66.532 | 61.85 | 49.777 | 42.527 | 37.237 | 28.51 | 28.175 | 24.421 | 19.774 | 0 |
| Non-Current Liabilities: | |||||||||||||||||||||||||||||||||||||||||||
| Long Term Debt
| 200 | 190 | 1,123 | 1,120 | 1,128 | 1,133 | 1,107 | 1,118 | 1,375 | 1,378 | 1,281.855 | 1,166.554 | 1,176.083 | 1,157.739 | 1,084.566 | 1,060.953 | 1,063.123 | 902.844 | 891.991 | 142.128 | 131.709 | 142.641 | 105.595 | 108.873 | 98.863 | 22.316 | 19.605 | 17.333 | 16.355 | 14.97 | 15.317 | 12.728 | 12.623 | 12.628 | 12.097 | 11.745 | 10.993 | 10.497 | 9.226 | 8.604 | 7.681 | 7.293 | 0 |
| Deferred Revenue Non-Current
| 135 | 147 | 159 | 170 | 183 | 196 | 216 | 236 | 232 | 268 | 299.625 | 159.405 | 186.636 | 162.932 | 174.483 | 135.321 | 22.417 | 21.006 | 23.08 | 6.866 | 5.58 | 5.969 | 2.115 | 2.092 | 2.011 | 1.881 | 1.744 | 1.634 | 1.48 | 1.352 | 1.218 | 1.125 | 1.014 | 0.922 | 0.874 | 0.836 | 0.777 | 0.661 | 0.597 | 0.55 | 0.469 | 0.394 | 0 |
| Deferred Tax Liabilities Non-Current
| 5 | 73 | 8 | 10 | 6 | 6 | 5 | 6 | 17 | 16 | 23.576 | 1.335 | 0.211 | 183.427 | 310.635 | 127.777 | 102.374 | 0 | 0 | 0 | 4.219 | 8.753 | 1.425 | 1.798 | 0.945 | 1.132 | 1.32 | 1.509 | 1.236 | 1.388 | 1.541 | 1.693 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities
| 340 | 410 | 1,290 | 1,300 | 1,317 | 1,335 | 1,328 | 1,360 | 1,624 | 1,662 | 1,605.056 | 1,327.294 | 1,362.93 | 1,504.098 | 1,569.684 | 1,324.051 | 1,187.914 | 923.85 | 915.071 | 148.994 | 141.508 | 157.363 | 109.135 | 112.763 | 101.819 | 25.329 | 22.669 | 20.476 | 19.071 | 17.71 | 18.076 | 15.546 | 13.637 | 13.55 | 12.971 | 12.581 | 11.77 | 11.158 | 9.823 | 9.154 | 8.15 | 7.687 | 0 |
| Total Liabilities
| 2,349 | 2,366 | 2,211 | 2,174 | 2,219 | 2,233 | 2,180 | 2,240 | 2,507 | 2,518 | 2,510.277 | 2,030.502 | 2,044.862 | 2,206.831 | 2,166.241 | 1,835.134 | 1,683.017 | 1,362.182 | 1,285.202 | 469.5 | 430.065 | 473.745 | 368.876 | 306.114 | 274.833 | 164.017 | 169.616 | 152.856 | 1,782.536 | 112.464 | 113.486 | 99.789 | 90.474 | 80.082 | 74.821 | 62.358 | 54.297 | 48.395 | 38.333 | 37.329 | 32.571 | 27.461 | 0 |
| Equity: | |||||||||||||||||||||||||||||||||||||||||||
| Preferred Stock
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87.056 | 87.056 | 87.056 |
| Common Stock
| 9,831 | 9,634 | 9,474 | 9,368 | 9,283 | 9,201 | 9,098 | 9,019 | 8,886 | 8,747 | 8,653.011 | 8,244.56 | 8,150.878 | 8,040.099 | 7,930.69 | 7,837.824 | 7,760.984 | 6,115.232 | 6,035.099 | 4,859.95 | 3,333.407 | 3,256.284 | 3,042.555 | 2,313.198 | 2,265.24 | 2,215.936 | 1,794.013 | 1,771.304 | 1,745.3 | 1,077.477 | 1,064.214 | 1,051.49 | 478.841 | 468.494 | 464.809 | 235.645 | 233.411 | 231.452 | 228.197 | 227.964 | 4.303 | 4.055 | 0 |
| Retained Earnings
| 947 | 1,629 | 336 | -492 | -663 | -390 | -1,047 | -1,765 | -454 | -522 | 101.418 | 259.827 | 1,463.734 | 2,938.142 | 3,309.453 | 2,161.021 | 1,281.928 | 15.285 | -108.587 | -299.655 | -335.653 | -304.224 | -304.995 | -232.211 | -203.533 | -187.757 | -186.243 | -163.059 | -139.106 | -123.204 | -120.217 | -110.837 | -96.807 | -83.209 | -74.342 | -65.222 | -56.783 | -47.854 | -41.547 | -36.89 | -33.594 | -29.064 | 0 |
| Accumulated Other Comprehensive Income/Loss
| -6 | -10 | -1 | -5 | -4 | 4 | -6 | 4 | -7 | -16 | -38.012 | -9.117 | 0.413 | -5.974 | -5.89 | 3.303 | 6.046 | 8.77 | -0.744 | -4.934 | -15.587 | 1.046 | -2.293 | 3.804 | -2.942 | -12.216 | -1.696 | -7.797 | -3.399 | 3.435 | 6.854 | 4.25 | -0.381 | -1.818 | -0.476 | 0.141 | 0.221 | 0 | 0 | 0 | 0 | 0 | -1.675 |
| Other Total Stockholders Equity
| 279 | 305 | 309 | 301 | 277 | 251 | 239 | 205 | 32 | 30 | -23.409 | 221.858 | 174.57 | 161.074 | 136.024 | 118.396 | 92.913 | 261.436 | 251.061 | 73.578 | 58.684 | 62.628 | 84.792 | 76.393 | 69.153 | 74.805 | 66.004 | 55.753 | 47.094 | 43.392 | 37.071 | 32.541 | 29.211 | 27.009 | 21.531 | 18.187 | 14.128 | 11.719 | 10.656 | 8.477 | 6.99 | 5.685 | 0 |
| Total Shareholders Equity
| 11,051 | 11,558 | 10,118 | 9,172 | 8,893 | 9,066 | 8,284 | 7,463 | 8,457 | 8,239 | 8,693.008 | 8,717.128 | 9,789.595 | 11,133.341 | 11,370.277 | 10,120.544 | 9,141.871 | 6,400.723 | 6,176.829 | 4,628.939 | 3,040.851 | 3,015.734 | 2,820.059 | 2,161.184 | 2,127.918 | 2,090.768 | 1,672.078 | 1,656.201 | 1,649.889 | 1,001.1 | 987.922 | 977.444 | 410.864 | 410.476 | 411.522 | 188.751 | 190.977 | 195.317 | 197.306 | 199.551 | 64.755 | 67.732 | 85.381 |
| Total Equity
| 11,051 | 11,558 | 10,118 | 9,172 | 8,893 | 9,066 | 8,284 | 7,463 | 8,457 | 8,239 | 8,693.008 | 8,717.128 | 9,789.595 | 11,133.341 | 11,370.277 | 10,120.544 | 9,141.871 | 6,400.723 | 6,176.829 | 4,628.939 | 3,040.851 | 3,015.734 | 2,820.059 | 2,161.184 | 2,127.918 | 2,090.768 | 1,672.078 | 1,656.201 | 1,649.889 | 1,001.1 | 987.922 | 977.444 | 410.864 | 410.476 | 411.522 | 188.751 | 190.977 | 195.317 | 197.306 | 199.551 | 64.755 | 67.732 | 85.381 |
| Total Liabilities & Shareholders Equity
| 13,400 | 13,924 | 12,329 | 11,346 | 11,112 | 11,299 | 10,464 | 9,703 | 10,964 | 10,757 | 11,203.285 | 10,747.63 | 11,834.457 | 13,340.172 | 13,536.518 | 11,955.678 | 10,824.888 | 7,762.905 | 7,462.031 | 5,098.439 | 3,470.916 | 3,489.479 | 3,188.935 | 2,467.298 | 2,402.751 | 2,254.785 | 1,841.694 | 1,809.057 | 3,432.425 | 1,113.564 | 1,101.408 | 1,077.233 | 501.338 | 490.558 | 486.343 | 251.109 | 245.274 | 243.712 | 235.639 | 236.88 | 97.326 | 95.193 | 85.381 |